renminbi
[ren-min-bee]
- the currency of the People's Republic of China, the basic unit of which is the yuan.
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Origin of renminbi
1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for renminbi
Contemporary Examples
The lower the value of the renminbi, the cheaper Chinese exports and the more expensive the American exports.
When Beijing pays for those dollars with renminbi, it inflates its own money supply.
Beijing needs to be concerned that a weakened Obama will be in no position to veto legislation targeting the renminbi.
Up until then, the Chinese central bank had pegged the value of the renminbi to the dollar.
By keeping the renminbi artificially low, the central government makes Chinese exports cheap in foreign countries.
renminbi
renminbi yuan
- another name for the Chinese yuan
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Word Origin
Chinese renmin people + bi currency
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Word Origin and History for renminbi
n.
currency introduced 1948 in China, from Chinese renminbi, from renmin "people" + bi "currency."
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Online Etymology Dictionary, © 2010 Douglas Harper